Providence Resources Share Discussion Threads

[abudhabi123] 23/9/2019 16:45

I believe that NO NEW EXPLORATION LICENSES WILL BE GRANTED....making what PVR has more valuable!!

[billy_buffin] 23/9/2019 16:43

Hi Steel - Maybe news got out B'roe OK? otherwise risky!

[mick] 23/9/2019 16:34

Following Varadkars comments on limiting oil exploration, surely this is the end for Providence?

[steelwatch] 23/9/2019 16:33

Billy - is Pat Plunkett's reported buy a bad move?

[digbee] 23/9/2019 16:32

Ireland to PHASE out oil exploration off shore not gas.Leo at UN today.Will have to see how or IF this effects Pvr

[funtimejonny] 23/9/2019 12:50

I nearly laughed out loud when he said that!

[greyingsurfer] 23/9/2019 11:46

The chief executive of Providence Resources has said he fundamentally believes that a $9m loan from its Chinese backers will be delivered.Tony O'Reilly jr told shareholders at the company's AGM in Dublin that he has staked his reputation on the issue. Well, I still think it's possible he is right, he's not the only one who has said that moving funds out of China can be incredibly slow and difficult. But I'm afraid that the fact he has staked his "reputation" gives me no comfort - what reputation?

[h2owater] 23/9/2019 10:43

The chief executive of Providence Resources has said he fundamentally believes that a $9m loan from its Chinese backers will be delivered.Tony O'Reilly jr told shareholders at the company's AGM in Dublin that he has staked his reputation on the issue. Mr O'Reilly said he understood it seemed incredulous that the money had been delayed in the international banking system for so long. But he added that when the company entered the deal with Chinese company APEC, it did not appreciate the difficulties involved in moving money from Chinese entities through banking systems to here. Speaking at the AGM today, Mr O'Reilly said that while such a scenario was slightly incredulous for us in the west, these type of delays are common in the east. He added that APEC is strongly representing to the Irish oil exploration firm that the funds will be received by the new backstop date of September 30. The Providence Resources boss said his company has seen evidence of the funds from APEC's own financiers flowing towards its bank account and it is in a bank en route to here. Mr O'Reilly added that even if APEC had provided the cash last autumn it would not have been used before now because of the delay the company had experienced in securing state consent for a site survey of the Barryroe site off the Cork coast. He said the company has already explored a number of legal remedies that might be open to it if the funds do not arrive as promised by the end of the month

[bullbearshit] 23/9/2019 10:22

Will be suprised if money arrives before October.

[raisethestake1] 23/9/2019 10:11

Watch this space

[billcn] 23/9/2019 09:32

Herm, think we are in ICU on life support. We either get the care we need or we are all under.

[hermana3] 23/9/2019 08:16

Well this time next week we will be approaching a critical period for this company...

[funtimejonny] 21/9/2019 10:34

Couldn't find anything in papers today about Providence. There's a biggish write up in the Examiner about Europa and farmout plans offshore Ireland.

[hermana3] 20/9/2019 07:22

7 business days for them shysters to fess up or go to hell. Financiers like them are a curse but we are where we are....

[divmad] 20/9/2019 07:19

After PVR, anyone putting any money on tcg being rescued by the Chinese? They only need to put up £200mn extra by the weekend.

[funtimejonny] 20/9/2019 07:17

Clock ticking....no news today. Only next week left.

[hermana3] 19/9/2019 23:06

Tone been had by wily Chinese!

[redrossi] 19/9/2019 22:55

Wish my landlord was Providence , I’d get months of free rent, wonderful company to deal with

[hermana3] 19/9/2019 20:50

Jonny, Hockey was a crook and a kept man! Loved spending other people's dosh on overpriced posh stuff and was a total hyprocite too

[funtimejonny] 19/9/2019 14:53

Like old Haughey! Or Searlas O'Huchaig as he used to call himself when the man was after the gaelgeoirs vote. Mind you...I'm not a FF man but I quite liked Charley. A lovable rogue. Great taste in expensive shirts and tasty women.

[archlight] 19/9/2019 14:12

FTJ

In Ireland that's the definition of a great reputation. He is competing with the top Taoiseachs of the past.

The man should be in politics.

[funtimejonny] 19/9/2019 12:34

Had to laugh when I heard O Reilly saying he'd put his reputation on the line if the money didn't come through! What reputation? A reputation for losing other people's money and creaming off a bloody good wedge for himself! Talking about wedge reminds me of Wedgewood.

[ken chung] 19/9/2019 09:21

From 17p to 5p in 12 months.Lemmings and mushrooms only.

[funtimejonny] 19/9/2019 08:11

I think the last corporate update was on the 9th Sept. That's when the backstop was extended to the month end.
So the clock is still ticking and 10 days have now elapsed. I'm afraid I don't smell any money.....